When bond proceeds are invested prior to their use for the purpose for which the bonds were issued, the earnings shall be applied toward debt service as indicated in Section 29303 of the Government Code, unless a different disposition is prescribed in law or in the resolution authorizing the bonds. (Effective with respect to bonds issued on or after the effective date of each accounting system)

History

1. New section filed 12-6-67; effective thirtieth day thereafter (Register 67, No. 49).